Expedia Group, Inc. (NASDAQ:EXPE) Stake Lowered by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,406 shares of the online travel company’s stock after selling 582 shares during the quarter. Expedia Group makes up approximately 2.6% of Westbourne Investment Advisors Inc.’s portfolio, making the stock its 10th biggest position. Westbourne Investment Advisors Inc.’s holdings in Expedia Group were worth $6,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Almanack Investment Partners LLC. acquired a new stake in shares of Expedia Group during the third quarter worth about $26,000. Clear Street Markets LLC increased its position in Expedia Group by 88.3% during the first quarter. Clear Street Markets LLC now owns 290 shares of the online travel company’s stock worth $28,000 after buying an additional 136 shares during the period. City State Bank boosted its holdings in shares of Expedia Group by 157.3% in the fourth quarter. City State Bank now owns 193 shares of the online travel company’s stock valued at $29,000 after acquiring an additional 118 shares during the period. CVA Family Office LLC purchased a new position in shares of Expedia Group during the fourth quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Expedia Group by 173.0% in the 3rd quarter. Parkside Financial Bank & Trust now owns 344 shares of the online travel company’s stock valued at $35,000 after acquiring an additional 218 shares during the period. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Trading Down 0.4 %

Shares of Expedia Group stock traded down $0.55 during trading hours on Thursday, reaching $138.44. The stock had a trading volume of 335,125 shares, compared to its average volume of 2,596,601. The firm has a 50 day simple moving average of $140.82 and a two-hundred day simple moving average of $129.56. The firm has a market capitalization of $18.87 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 0.42 and a beta of 1.86. Expedia Group, Inc. has a 1 year low of $87.94 and a 1 year high of $160.05. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.24.

Expedia Group (NASDAQ:EXPE) last announced its earnings results on Thursday, February 8th. The online travel company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.10. Expedia Group had a return on equity of 35.79% and a net margin of 6.21%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.88 billion. As a group, equities research analysts anticipate that Expedia Group, Inc. will post 9.74 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Expedia Group from $155.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Jefferies Financial Group decreased their price target on Expedia Group from $150.00 to $145.00 and set a “hold” rating for the company in a report on Tuesday, March 19th. Wedbush reissued a “neutral” rating and issued a $130.00 price objective on shares of Expedia Group in a research note on Friday, February 9th. Oppenheimer restated an “outperform” rating and issued a $175.00 target price on shares of Expedia Group in a research note on Monday, February 5th. Finally, TheStreet upgraded shares of Expedia Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 30th. Thirteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Expedia Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.12.

Insider Buying and Selling at Expedia Group

In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $150.04, for a total value of $1,500,400.00. Following the completion of the transaction, the director now directly owns 216,521 shares in the company, valued at $32,486,810.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Expedia Group news, Director Dara Khosrowshahi sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $150.04, for a total transaction of $1,500,400.00. Following the sale, the director now directly owns 216,521 shares of the company’s stock, valued at $32,486,810.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Lance A. Soliday sold 5,119 shares of Expedia Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $137.21, for a total transaction of $702,377.99. Following the completion of the transaction, the chief accounting officer now directly owns 10,880 shares of the company’s stock, valued at $1,492,844.80. The disclosure for this sale can be found here. Insiders have sold 25,119 shares of company stock worth $3,711,578 in the last ninety days. 8.07% of the stock is owned by insiders.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.